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Hut 8 Corp.

HUT

$88.58 ▼ -2.12 (-2.34%) at close

5 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Hut 8 Corp. faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $9.3B

Dividend Yield —

Revenue Growth 44.8% ↘

Op. Margin -136.9%

ROIC -18.7% ↘

FCF / Share $-1.32 ↘

Trailing P/E —

Price / Book 6.9x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

5-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$235.12M

↑ +44.8% —

Net Income Profit after all expenses

$-226.15M

↓ -168.1% —

Operating Margin Operating profit as % of sales

-136.9%

↓ -1499.9% 1th

FCF / Share Free cash flow per share

$-1.32

↓ -76.1% —

Long-Term Debt Long-term obligations

$300.58M

↑ +60.4% —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns

Financial Health ↓

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jun 30, 2023 10-K ↗	FY 2021 Jun 30, 2022 10-K ↗
Revenue Growth YoY (%)	44.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+647%)	69.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1051%)	16.9% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+182%)	11.4% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+91%)	—
EPS Growth YoY (%)	N/M	706.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	-68.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	N/M	1418.9% Excellent Excellent Year-over-year change in net income	N/M	-106.3% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	-76.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-59.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	33.5% Excellent Excellent Year-over-year change in free cash flow	44.1% Excellent Excellent Year-over-year change in free cash flow	—
Revenue CAGR 3Y (%)	42.0% Excellent Excellent Compound annual revenue growth over 3 years	30.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jun 30, 2023 10-K ↗	FY 2021 Jun 30, 2022 10-K ↗
Operating Margin (%) (%)	-136.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-648%)	—	9.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	-83.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-434%)	-26.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-208%)
Effective Tax Rate (%) (%)	17.3% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.1% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-19.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	-96.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-537%)	—	22.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	-79.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-463%)	-43.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-296%)
FCF Margin (%) (%)	-59.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-42.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-23.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-35.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-58.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	0.62x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.21x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.01x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.45x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.35x Good Good Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jun 30, 2023 10-K ↗	FY 2021 Jun 30, 2022 10-K ↗
Return on Invested Capital (%)	-18.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	27.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	1.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-11.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	30.3% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	1.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-15.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-233%)	34.0% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+183%)	4.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-63%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jun 30, 2023 10-K ↗	FY 2021 Jun 30, 2022 10-K ↗
Debt to Equity (x)	—	0.31x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	0.38x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-68%)	—	—
Interest Coverage (x)	-23.75x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	41.27x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	1.57x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-12.39x Weak Weak Operating income divided by interest expense Optimal: > 5x	-2.90x Weak Weak Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$-44.91M	$215.54M	$156.94M	—	—
Debt / EBITDA (x)	—	0.65x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	19.95x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jun 30, 2023 10-K ↗	FY 2021 Jun 30, 2022 10-K ↗
Revenue per Share (USD)	$2.23	$1.78	$2.04	$1.98	$2.17
Basic EPS, GAAP (USD)	$-2.14	$3.71	$0.46	$-1.58	$-0.94
Free Cash Flow per Share (USD)	$-1.32	$-0.75	$-0.47	$-0.71	$-1.27
Book Value per Share (USD)	$12.92	$9.82	$5.48	—	—
Tangible Book Value per Share (USD)	$10.91	$9.15	$4.64	—	—
Basic Weighted Avg Shares (shares)	105.33M	91.32M	47.08M	41.47M	33.90M

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jun 30, 2023 10-K ↗	FY 2021 Jun 30, 2022 10-K ↗
Working Capital (USD)	$32.60M	$102.89M	$-50.94M	—	—
LT Debt (USD)	—	$300.58M	$187.45M	—	—
Total Equity (USD)	$1.42B	$976.67M	$487.64M	—	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jun 30, 2023 10-K ↗	FY 2021 Jun 30, 2022 10-K ↗
Sales/Revenue/Turnover (USD)	$235.12M	$162.38M	$96.05M	$82.16M	$73.73M
Net Income, GAAP (USD)	$-226.15M	$331.88M	$21.85M	$-65.61M	$-31.80M
Operating Cash Flow (USD)	$-139.23M	$-68.53M	$-22.16M	$-29.34M	$-42.91M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 5 years · 17 quarters

Hut 8 Corp.

Analytical Summary

5-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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